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Argentina: brutal consumer recession, supermarket sales had the most violent fall in 17 months on Christmas

Christmas sales of SME companies plummeted compared to December last year, supermarkets registered a drop in sales of 1.6% year-on-year and for self-service wholesalers the drop exceeded 7%.

Real economic activity deepened the recessive trend that had already begun to appear in September. More and more high-frequency indicators suggest that the country has entered a recession, at the same time that . . .

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